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Oil slips on stronger US$ but gains on week

Unplanned oil supply outages have risen this month to the highest in at least five years because of the wildfires in Canada and further losses in Nigeria and Libya, giving a boost to oil.

PHOTO: BLOOMBERG

New York

OIL slipped on Friday on a stronger US dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.